With all indexes in weak warning phases (exception is Russell 2000 which is in a strong warning phase), unless market bounces back above the 50 DMA, perhaps the recent rally and subsequent failure sealed the fate for a top in …
Today, Thursday, was another example of how a good gap down is the often the best way to prevent a down day. As you may recall the market did NOT gap down, and that's exactly my point from yesterday. Today, …
There's nothing better to ferret out the resolve for the bulls and frustrate the bears than a divergent gap down in the major indexes. The divergence was the fact that the QQQ and IWM gapped below their prior day low …
More Weak Data Puts The Market To Sleep
Today the market received more weak economic data here at home with lower than expected personal spending and Chicago PMI data. This combined with Spain's economy officially in recession put the market …
Prepared by Geoff Bysshe, President of MarketGauge, filling in for Mish until May 7th.
The Dow's proximity to its multi-year high gets all the media attention, but the good news for the bulls on Friday was IWM's attempt go lower …
Prepared by Geoff Bysshe, President of MarketGauge, filling in for Mish until May 7th.
The Dow's proximity to its multi-year high gets all the media attention, but the good news for the bulls on Friday was IWM's attempt go lower …
Prepared by Geoff Bysshe, President of MarketGauge, filling in for Mish until May 7th.
The Bullish Phases Are Back!
Solid bullish phases are now in place in SPY, QQQ, and DIA. The IWM also put in a nice solid day …
All eyes were on APPL today, but all “they” did was watch!
Apple delivered another blowout quarter, leading to a broad tech rally which put QQQ well over its 50 DMA, and creating an island-like bottom pattern. Curiously, despite all …
All eyes were on APPL today, but all “they” did was watch!
Apple delivered another blowout quarter, leading to a broad tech rally which put QQQ well over its 50 DMA, and creating an island-like bottom pattern. Curiously, despite all …